The S&P 500 Large Cap Index (SPX)
On the 60 min chart the SPX is breaking out of it's pullback channel. The indicators are still in bearish mode, but they are starting to look neutral towards bullish. The wave count looks intact and it appears that the SPX is going to head towards it's wave 5 price target of 1304.
Oil Services Holders ETF (OIH)
I want to update the OIH because, once again, it hit new 52 week highs. We have seven oil and energy stocks in the portfolio table - UPL, SU, CNQ and BRY to name a few.
Natural Gas Services Group (NGS)
On the daily chart, NGS is working on a taking out resistance at its downtrend trendline. It is in a falling wedge continuation triangle. Today I issued a buy alert on it at $18.44 after the gas numbers came out. I have added it to the portfolio table. I do not recommend trading options on it if it does happen to be optionable.
Gen-Probe, Inc. (GPRO)
GPRO on the daily has broken out of its triple top ascending triangle. I do have a lofty target on GPRO. It is also a stock scan pick. If you look at the indicators you can see that the indicators are making higher highs along with price. That is bullish. Therefore, GPRO remains poised for higher prices ahead.
$SPX
OIH
NGS
GPRO
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